Wednesday, October 19, 2011

Sign a petition to stop unfair bank fees

Tell Bank of America: No $5 Debit Card Fees

Bank of America just posted a 6 billion dollar profit yet they want to charge us $5.00 a month to use our debits cards. Hmmm 6 billion dollar profits? I wonder how many home loans they refinanced to help people stay in their homes during this whole mess? From what I have read, not many.

"The Charlotte, N.C.-based bank said in a regulatory filing the base salary of CEO Brian Moynihan will remain $950,000 for 2011.
His pay package will also include $9.05 million in performance-based stock awards, to be granted Feb. 15. Those shares may eventually be converted into 40 percent cash and 60 percent stock, and earn dividends like regular shares."

"Starting in December, Citi will charge $20 a month on these accounts, unless the customer has combined balances of $15,000 or more in checking, savings and investment accounts or loan balances."

So people who are well to do and can afford to to keep 15 grand in their account won't be charged these extra fees. Another poor tax by the banks huh?